Atlanta Braves (NASDAQ:BATRA) Major Shareholder Buys $176,735.73 in Stock

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) major shareholder John Malone bought 3,669 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were bought at an average cost of $48.17 per share, for a total transaction of $176,735.73. Following the transaction, the insider owned 3,669 shares of the company’s stock, valued at $176,735.73. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Atlanta Braves Stock Performance

NASDAQ BATRA opened at $43.42 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.87 and a quick ratio of 0.87. The company has a fifty day moving average price of $43.05 and a 200-day moving average price of $44.27. Atlanta Braves Holdings, Inc. has a 1 year low of $38.67 and a 1 year high of $50.50. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of -1,085.23 and a beta of 0.63.

Wall Street Analyst Weigh In

BATRA has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday, January 21st. Zacks Research cut Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $52.50.

Institutional Trading of Atlanta Braves

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in shares of Atlanta Braves in the 1st quarter valued at $211,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Atlanta Braves by 4.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,061 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 234 shares during the last quarter. Jane Street Group LLC purchased a new stake in Atlanta Braves in the first quarter worth $385,000. Ameritas Advisory Services LLC purchased a new stake in shares of Atlanta Braves in the 2nd quarter worth about $32,000. Finally, DAVENPORT & Co LLC lifted its holdings in Atlanta Braves by 2.9% in the second quarter. DAVENPORT & Co LLC now owns 11,425 shares of the financial services provider’s stock worth $562,000 after buying an additional 325 shares during the period. Hedge funds and other institutional investors own 12.31% of the company’s stock.

Atlanta Braves Company Profile

The Atlanta Braves (NASDAQ: BATRA) are a professional baseball club that competes in Major League Baseball’s National League East division. Founded in 1871 as the Boston Red Stockings, the franchise relocated to Milwaukee in 1953 before settling in Atlanta in 1966. As one of MLB’s oldest and most storied organizations, the Braves are responsible for fielding a Major League team, overseeing player development through a network of minor league affiliates, and managing baseball operations under the leadership of President of Baseball Operations Alex Anthopoulos.

Beyond on‐field performance, the Braves operate a diversified sports and entertainment business.